🔥 Bitcoin Analysis — $BTC pulls back after ETF Outflows & Macro Risk!
Bitcoin is seeing a healthy correction, trading near $105,000–$106,000 after touching its October high of $126,000 just days ago.
The drop comes as spot Bitcoin ETFs recorded $536M in outflows, triggering one of the biggest liquidity shifts in months. Meanwhile, broader risk-off sentiment in global markets—banking worries, trade tensions, and equity weakness—has added more pressure on crypto.
🔹 Support zones: $108K → $106K → $103K
🔹 Resistance levels: $110K → $116K
🔹 Trend: Short-term bearish, long-term structure intact
Analysts note this pullback could be a buying opportunity if ETF outflows ease and risk assets stabilize. The 200-day MA has been tested, so traders are watching closely for a rebound or a deeper dip into the $103K region.
💡 Keep an eye on ETF inflows, derivatives funding rates, and exchange whale flows — the next move could define Q4 momentum.
